Hey guys, I want to share my favourite travel hack with you: Fly First/Business class for free, by doing simple arbitrage trades and generate airline award/reward miles with Bitcoin.

It works with most airlines alliances: OneWorld, Star Alliance, Sky Team and more - depending on your airline credit card reward program. Of course this is absolutely legal but make sure you read your banks terms of service before.

I usually do this once a week and generate enough miles for 2x return long-haul business class flights.
Here we go...

What you need

• Verified account on CEX, Coinbase or Paxful
• Verified account on LocalBitcoins
• Credit card with a good airline reward program (Citi, Chase, Barclays, HSBC are great!)

How it works

1. Buy Bitcoin - Generate Flight Miles
   Go to your CEX, Coinbase or Paxful account and buy Bitcoin with your preferred credit card that gives you the most reward miles. Example: I buy Bitcoin worth 10,000USD with my card and receive 36500 reward miles. The miles are usually credited within 4-7 business days.

2. Sell Bitcoin - Withdraw the money back to your card or bank account
   I recommend to sell the BTC on LocalBitcoins where you can quickly sell with a 5-10% profit and you get the funds transferred directly to your bank account. Alternatively if you don't want to use LocalBitcoins you just wait until the BTC price is 5-10% up and withdraw the funds from CEX, Coinbase or Paxful account back to your credit card or bank account.

Important

• Always sell your Bitcoin with 5-10% profit since the credit card transaction fee can be 3.5% or higher and the extra gain can pay the fuel surcharges and airport taxes that still apply when you redeem flight tickets with reward miles.
• If you have to declare cryptocurrency transactions to your tax authority, keep all records of these transactions.

Do you like my article? Buy me a beer <3
BTC: 1KSTGoHj4bEj1QTpfm3cisufsioZgRH5TA
ETH: 0xc39ffA8e710E7188B0711aaC9B9F5b9960367deC
LTC: LfqQ7CnHepSDbVmXke7gwNnf4H1GUMhC4A

Questions? Feedback?
Leave me a comment and I will try help you out and answer all your questions.